22-08-2016 12:17 via news.yahoo.com

Gold slides to two-week low on talk of U.S. rate hike

By Jan Harvey LONDON (Reuters) - Gold fell to a two-week low on Monday as upbeat comments from Federal Reserve officials on the U.S. economy boosted expectations that the central bank could lift interest rates sooner rather than later. The Fed's No.2 policymaker, Stanley Fischer, said on Sunday that the U.S. central bank is close to hitting targets for full employment and 2 percent inflation. Gold is highly sensitive to U.S. interest rates, increases in which boost the opportunity cost of holdin
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